Save Money by Traveling Smart

5 Things Small Business Owners Can Do To Save Money

#4: Travel Smart

If your business requires extensive travel, you know that costs can add up quickly — but a few small changes can dramatically cut your monthly travel expenses. If you fly out-of-town often, you may benefit from airline and hotel loyalty programs, as well as credit cards that accrue points or miles. For road warriors, try rent-as-you-go services like Zipcar instead of purchasing a company vehicle that sits idle for most of the month; ride-share programs such as Zimride can also lower gas and maintenance fees. Research extra tax breaks outside of typical travel expenses, since you may be able to make partial deductions from meals or tips on the road. Of course, staying at home cuts more travel costs than anything; try video chats with Skype or FaceTime to avoid a suitcase altogether.

Today's tip brought to you by Mvelopes and Money4Life Coaching.